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Stock Market Rallies Again

S&P 500 Index Hits
A Three-Year High;
Gold Prices Surge

By

Brian R. Fitzgerald The Wall Street Journal Online

Updated Nov. 12, 2004 6:09 p.m. ET

The stock market stretched its gains by the close as industrial stocks, buoyed by strong data on consumers' mood and spending habits, joined a late-arriving technology sector to carry the rally across the finish line Friday.

The Dow Jones Industrial Average finished up 69.17 points at 10539.01, a seven-month high. Among the blue-chip average's best performers today were old-guard stocks: Alcoa gained 2.4% as gold hit a six-year high,...